Recently, several institutions have launched crypto-related ETF plans, indicating that this wave of the crypto market is indeed starting to attract the attention of traditional finance!

For example, Strive's Bitcoin Bond ETF, Bitwise's Bitcoin Standard ETF, VolatilityShares' Solana Futures ETF, and ProShares' application for a Bitcoin Hedge ETF. If these plans can be successfully approved, they will certainly inject a significant amount of liquidity into the market.

The essence of ETFs is to lower the entry barrier, especially for traditional investors. Directly purchasing cryptocurrencies may still have psychological barriers, but through ETFs, it becomes relatively 'formal' and safe. The ability to attract funds is needless to say, and it is undoubtedly an accelerator of market liquidity.

However, will they be able to pass the approval smoothly? This depends on the attitude of the regulatory authorities. Currently, the SEC in the United States has been very cautious, and one could even say conservative, as seen with Grayscale’s attempts to transition to an ETF being stuck.

But recently, there have been some signs showing that the attitude is slowly loosening. After all, big players like BlackRock have entered the game, prompting other institutions to follow suit, paving the way for market legalization.

Personally, I am more optimistic about hedge-type ETFs like ProShares, as they come with a certain risk management mechanism, which is more attractive to conservative investors; as for the Solana Futures ETF, this is considered an innovative entry point, but the risks are also higher, making the chances of approval slightly lower.

The launch of crypto ETFs is definitely a positive push for the market. Regardless of whether it is successful in the short term, these plans themselves boost confidence in the market.

Now, we just need to patiently wait for news to land and then look for the right entry timing.